Progressive (PGR) Free Cash Flow (2012 - 2026)
Progressive (PGR) recorded Free Cash Flow of $3.47 billion in Q2 2026, down 11.9% from $3.94 billion a year earlier and down 19.4% from the prior quarter.
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Analysis
Progressive (PGR) Free Cash Flow (2012 - 2026) Analysis & Trends
On a TTM basis, Progressive's Free Cash Flow came in at $15.95 billion as of Jun 30, 2026, down 3.2% year-over-year; for FY2025, it came in at $17.2 billion, up 15.9% from FY2024.
- Annual Free Cash Flow has increased for three straight years, with a five-year compound annual growth rate of 20.8% (FY2020 to FY2025).
- Across earlier years, Free Cash Flow came in at $14.83 billion in FY2024 (+42.8%), $10.39 billion in FY2023 (+58.5%), $6.56 billion in FY2022 (-12.8%) and $7.52 billion in FY2021 (+12.5%).
- Quarterly Free Cash Flow has ranged from $396.9 million in Q4 2021 to $5.13 billion in Q3 2025 over the past five years.
- On a year-over-year basis, Free Cash Flow rose in six of the last eight quarters, with growth averaging 11.6%.
- Peak year-over-year performance for Free Cash Flow in the last five years was growth of 166.8% in Q4 2023, against a decline of 73.5% in Q4 2021 at the low end.
- Per Business Quant, the preceding three quarters came in at $4.3 billion (Q1 2026), $3.05 billion (Q4 2025) and $5.13 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF (Qtr) |
|---|---|---|---|---|---|
| 1 | Berkshire Hathaway | 1,073.91 Bn | -343.57 Bn | 55.86 Bn | 5.57 Bn |
| 2 | Chubb | 125.44 Bn | 77.50 Bn | 9.13 Bn | 3.73 Bn |
| 3 | Progressive | 120.54 Bn | 96.37 Bn | 9.04 Bn | 3.47 Bn |
| 4 | Marsh & Mclennan Companies | 81.59 Bn | 73.34 Bn | - | 1.45 Bn |
| 5 | Travelers Companies | 74.40 Bn | 50.64 Bn | 6.23 Bn | 1.92 Bn |
| 6 | Manulife Financial | 72.53 Bn | 73.74 Bn | - | 3.00 Bn |
| 7 | Metlife | 60.06 Bn | -46.42 Bn | 7.82 Bn | 2.23 Bn |
| 8 | Aon | 58.71 Bn | 51.95 Bn | - | 483.00 Mn |
| 9 | Arthur J. Gallagher | 58.49 Bn | 52.93 Bn | - | -41.00 Mn |
| 10 | Allstate | 56.37 Bn | 17.62 Bn | 8.73 Bn | 2.59 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 3.47 Bn |
| Mar 31, 2026 | 4.30 Bn |
| Dec 31, 2025 | 3.05 Bn |
| Sep 30, 2025 | 5.13 Bn |
| Jun 30, 2025 | 3.94 Bn |
| Mar 31, 2025 | 5.08 Bn |
| Dec 31, 2024 | 2.90 Bn |
| Sep 30, 2024 | 4.55 Bn |
| Jun 30, 2024 | 3.20 Bn |
| Mar 31, 2024 | 4.19 Bn |
| Dec 31, 2023 | 2.35 Bn |
| Sep 30, 2023 | 3.38 Bn |
| Jun 30, 2023 | 2.25 Bn |
| Mar 31, 2023 | 2.41 Bn |
| Dec 31, 2022 | 882.80 Mn |
| Sep 30, 2022 | 1.92 Bn |
| Jun 30, 2022 | 1.33 Bn |
| Mar 31, 2022 | 2.43 Bn |
| Dec 31, 2021 | 396.90 Mn |
| Sep 30, 2021 | 2.28 Bn |
API Access
Progressive Free Cash Flow API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=free-cash-flow&ticker=PGR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "free-cash-flow", "ticker": "PGR", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=free-cash-flow&ticker=PGR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();